Vestcor Inc Buys New Stake in Roku, Inc. $ROKU

Vestcor Inc bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,330 shares of the company’s stock, valued at approximately $470,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC lifted its holdings in Roku by 1.5% in the 4th quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock worth $700,000 after buying an additional 96 shares in the last quarter. Thoroughbred Financial Services LLC lifted its holdings in Roku by 1.0% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock worth $995,000 after buying an additional 100 shares in the last quarter. Swiss Life Asset Management Ltd lifted its holdings in Roku by 2.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company’s stock worth $648,000 after buying an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Roku by 3.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,664 shares of the company’s stock worth $398,000 after buying an additional 135 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Roku by 32.1% in the 3rd quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock worth $56,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Key Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku continues to attract upbeat analyst and investor attention, with recent coverage noting strong growth-stock characteristics and a “Moderate Buy” consensus from brokerages. Investors Heavily Search Roku, Inc. (ROKU): Here is What You Need to Know
• Positive Sentiment: Promotions around Roku devices and Roku TV sales keep the brand in front of consumers and may support device adoption and platform usage. Walmart’s 50-inch Roku TV is on sale for under $215 this week
• Positive Sentiment: Another deal on Roku hardware suggests ongoing retail demand and broad consumer interest in the company’s streaming ecosystem. Get a Roku Streaming Stick Plus and a month of Fox One for just $25
• Neutral Sentiment: Roku-related entertainment programming announcements help keep the platform visible, but they are unlikely to materially change fundamentals by themselves. ‘Gamechangers: America’s Top 25 Female Athletes’ Special Set At Roku
• Neutral Sentiment: Search interest in ROKU has increased, which suggests the stock is on investors’ radar, but the article itself does not provide a new operational catalyst. Investors Heavily Search Roku, Inc. (ROKU): Here is What You Need to Know
• Negative Sentiment: Recent insider selling by Charles Collier may create some caution among investors, even though the sale was made under a pre-arranged 10b5-1 plan. Roku (NASDAQ:ROKU) Insider Sells $2,565,892.78 in Stock
• Negative Sentiment: A report that a permanent ad was added to the Roku home screen could irritate users and raise concern about the user experience, even if the impact on revenue is potentially positive. Your Roku just got a permanent ad on the home screen — here’s how to minimize it

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ROKU shares. Evercore reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Roku in a research report on Friday, February 13th. Guggenheim boosted their target price on shares of Roku from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday. Susquehanna boosted their target price on shares of Roku from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Friday, May 1st. Needham & Company LLC boosted their target price on shares of Roku from $110.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, KeyCorp boosted their target price on shares of Roku from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Twenty-two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $145.50.

Insider Activity

In related news, insider Gilbert Fuchsberg sold 9,593 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $125.52, for a total value of $1,204,113.36. Following the transaction, the insider directly owned 50,863 shares in the company, valued at approximately $6,384,323.76. This trade represents a 15.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 205,821 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total transaction of $21,611,205.00. Following the completion of the sale, the insider owned 11,131 shares in the company, valued at $1,168,755. This represents a 94.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 667,168 shares of company stock valued at $75,218,573. 13.45% of the stock is owned by corporate insiders.

Roku Price Performance

ROKU stock opened at $120.91 on Wednesday. Roku, Inc. has a 12 month low of $73.91 and a 12 month high of $133.46. The firm has a market cap of $17.83 billion, a PE ratio of 90.91 and a beta of 2.06. The firm has a 50 day simple moving average of $116.68 and a 200 day simple moving average of $105.60.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.23. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. Roku’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.19) EPS. As a group, sell-side analysts expect that Roku, Inc. will post 2.41 earnings per share for the current year.

Roku Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.